Leek United launches two fixed-rate mortgage products

Jessica Bird

May 19, 2020

Leek United

Building society Leek United has launched two fixed-rate mortgage products. 

The society has introduced a 2-year residential fixed-rate mortgage with £400 cashback.

This product has a rate of 1.60% fixed until 30 September 2022 and a maximum loan-to-value ratio (LTV) of 80%.

The annual percentage rate of charge (APCR) is 4.8% and application fees apply.

Additionally, Leek United has launched a 5-year residential fixed-rate mortgage with a rate of 2.05% and a maximum LTV of 80%.

This product has no application fees, an APRC of 4.3% and a fixed rate until 30 September 2025.

Lisa Buckley, head of sales and marketing, said: “Our new fixed-rate mortgage range includes two new fixed-rate products, and is designed to respond to the changing mortgage market.

“These are competitive products for customers looking to have certainty over their rate and monthly payments for a period of time and will give homeowners added choice when their current mortgage deal is coming to end.

“I’m confident these products will allow intermediaries to have more options when helping their clients.”

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